Form 4: VOXX International CEO Acquires Shares Under Amended Employment Agreement

VOXX International CEO Patrick M. Lavelle acquired 5,672 shares of Class A Common Stock at $7.40 per share, pursuant to an amended employment agreement.

Summary

• Patrick M. Lavelle, CEO and President of VOXX International Corp, acquired 5,672 shares of Class A Common Stock.
• The shares were awarded as part of an amendment to his employment agreement, which was entered on September 28, 2023, and deemed effective as of March 1, 2024.
• The transaction was executed at an average price of $7.40 per share on December 31, 2024.
• The shares were delivered to Mr. Lavelle on January 10, 2025.
• Following the transaction, Mr. Lavelle directly owns 0 shares and indirectly owns 609,744 shares through a revocable trust.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to executive compensation. It is a positive sign that the CEO is increasing their stake in the company, but it is not a major event.

Positives

• The share acquisition demonstrates the CEO's continued commitment to the company.
• The transaction is part of a previously agreed upon employment agreement.

Industry Context

This is a standard SEC Form 4 filing, which is common when company insiders acquire shares. It is a routine disclosure and does not indicate any specific industry trend.

Comparison to Industry Standards

• SEC Form 4 filings are a standard practice for publicly traded companies in the United States.
• The transaction is similar to other executive compensation packages that include stock awards.
• The price of $7.40 per share is the market price at the time of the transaction.

Stakeholder Impact

• The share acquisition may have a slightly positive impact on shareholder confidence due to the CEO's increased stake in the company.

Key Dates

Keywords

VOXX International, Patrick M. Lavelle, CEO, Share Acquisition, Employment Agreement, Class A Common Stock, Insider Trading, SEC Form 4